Chapter 23: Investing in the Movie
“Brother Lu, you’re a genius!”
While handling formalities for the new account, Zhao Haisheng brought up Baofeng Technology’s recent market activity.
The day after Lu Liang had cleared his holdings last Thursday, Baofeng Technology caused a stir again, with its stock hitting the ceiling and floor prices within the same session.
That day, trading volume reached 1.85 billion yuan, with a turnover rate of 65.7%—staggering for a newly listed stock. It could even be considered a complete change of hands, attracting more risk-takers, all hoping for Baofeng’s legend to continue.
But by the following days, the stock hit continuous lower limits for five sessions straight before barely stabilizing yesterday. Its price plunged from a peak of 327.15 yuan to close at 191.14 yuan.
The entire market was in mourning. Most people had bought in at high prices, becoming trapped. Among them was Zhao Haisheng himself.
If it weren’t for this year’s bullish market, which had doubled securities employees’ incomes, Zhao might have regretted it for a long time.
“Who could’ve known I had such foresight?” Lu Liang boasted, adopting the tone of an armchair strategist. “At the time, I just had a feeling—what goes up must come down.”
“What? Are you picky about investors now?” Lu Liang joked.
“No, no, you misunderstood! I’m just overwhelmed,” Shen Teng stammered, his voice trembling.
As Happy Mahua’s lead performer, an investor, and the film’s leading man, this movie was pivotal to his career.
Since its inception, the project had faced rejection after rejection, leaving the team riddled with self-doubt. Was their script really that bad?